lUfcb IN ONE YfcAK CAPTAIN GRANT, NEW COM- muupuu MANDER OF SUBMARINE FLOTILLA—FRIENDS OF YOUNG WAR STOCK PiFITSAi ARTISTS HOPE FOR WORLD ART CENTRE HERE MS, AUVUUiy JJT Some of This Still on Paper, However—Prospects for Continued Industrial FEATURE SUPPLEMENT: PAGES l—B. NEW YORK, SATURDAY, AUGUST 7, 1915. [new War Orders on Recent Scale Reduced by Greater Outputs of the Allies—The Fall of Warsaw Does Not Check ! —— [r ...... Stock Market—Domestic Trade and Crop Outlook. " " .rr.; . Toll Upon _ ;■». War’s The first week of the second year of be made—such reports as the Allis j American Steel Found- war developed the greatest military Chalmers and companies, the June quarter, advantage ries for and political achieved by certainly not indicating them—nor do ! Famous Germany since her conquest of Bel- the week’s dividend actions on Stude- Families ' gium. To Wall street, which is gamb- baker, and Niles-Bement common ling the success of the allies, this stocks, the question arises whether I on the high point of orders for war sup- event might have been expected to plies has not been reached. produce reaction. No such tendency When the war began, not only were ! appeared. On the contrary war stocks England, France, Belgium, Russia 1 CASUALTY LIST and standard industrials and rails and Italy unprepared for it from a EUROPE’S military standpoint, but equally so which have been far back in the rear in an industrial sense. Their fac- of the movement, were brought for- tories for turning out clothing for ward and at the end of the week the armies were poorly supervised. Heavily Upon Upper were given greater participation in Subsequent events indicated similar Death’s Hand Has Fallen the the market than they have enjoyed conditions surrounding the produc- since April and May. Caution against tion of arms and ammunitions. Last Classes in All the Belligerent Countries— speculative excesses lias been wasted winter the factories of the United States were called upon to make for breath. It seems to act as a stimulant the allies large quantities of clothes, Men Who Have Been Killed to greater recklessness rather than a shoes, underwear and blankets. In- sedative. Stock Exchange authorities quiry among producers of this class claim they have no power to curb of goods makes it plain that Europe the human imagination which is now this winter will be able to supply expressing itself in terms of colossal herself with necessaries. on June 28 of last year at a son of Grand Duke Constantine. Grand The contracts given to American profits. There are many efforts which Sarajevo, Bosnia, the bullets of Duke Alexander was killed in the fight- factories for shrapnel, rifles and the Stock Exchange never attempts WHENassassin, Gavrio Princep, felled ing" at Miandoab, Persia, last January. high explosive shells represented the because it does not want to lose com- deficit of supplies of the allies owing Francis Ferdinand of Aus- In the fall of 1913 he had visited Amer- Archduke missions for its members. to unpreparedness industrially. This and his wife, the ica and was a guest of Mrs. John Astor tria-Hungary The situation is strange and diffi- has been in large part corrected in Hohenberg, there result- at Beachwood, Newport. The affair France, and is being remedied in Duchess of cult of analysis. If peace were in indirect which the life Great Britain and. in Russia. The ed a single tragedy whose cost of Prince Oleg was a sight war stocks would be down and total factory capacity of these three have since caused count- dashing cavalry charge on the Niemen consequences ! other shares up. It is not visible, for countries is certainly as great as in the lives of mil- last gallantly led by the less other tragedies in October, Prince, the anniversary of the war finds all Germany, and Germany has had nc lions of people, not only in Europe, but who was carrying a standard at the time nations engaged praying for victory trouble in keeping her vast armies in the remotest parts of the world. he received his mortal injury. and pledging themselves to the de- in ammunition. So it may be as- sumed that steadily The great world conflict which broke Strangely enough, no members of the struction of their enemies. Russia the percentage of production with the allies will in- after this murderous attack has royal house of Hapsburg have lost their and Italy have been sounding this out soon crease and that necessity for con- placed the pall of mourning over every lives since the death of Archduke Fran- | market this week for loans. France tracting in this country will corre- third home in the belligerent countries cis Ferdinand -just before the outbreak ; announced preparations for a con- spondingly decrease. of 'Europe, and has even made its grim of the war. The toll among Austrian | solidated loan, and Germany will vote Last fiscal ye.ar our exports dl wheat were about 325,000,000 bushels presence felt among people of unaffected titled families, however, has been just as I on anew issue in a short time. That in period of inflation Our exports of cotton were withir nations by the untimely deaths heavy as in other countries. In Belgium, we are a neutral iis beyond question. The deflated 800,000 bales of the year previous. Nc of those who may have ventured too near Prince George de Ligne, who had joined sections of the market for securities one in Europe could estimate theii Belgian of the Flotilla probably through requirements and rather than be bare the zones of destruction. the colors as a volunteer, wa3 Captain ALBERT WESTON GRANT, U. S. N., in Command Submarine will go the inflat- before final reverse of supplies they overbought. The croj The dreadful slaughter has fallen with killed during the fighting early last Au- ing process the j comes. of wheat and other grains figuring ir especial the upper and gust. extraordinary work. At th« food supplies is this year larger or, heaviness on Bernard Gordon-Lennox, a major in the ability to 1 The popular notion is that war con- wealthy classes, and the names of hun- The list of peers and titled English who Naval Academy he was captain of the tracts already given in the United the continent than it was last year. Grenadier Guards; Lord John Spencer Capt. Grant of the Unless the war ends soon enough tc of people prominent in all walks have laid down their lives is long crew, and has relinquished his love j States represent a value of $1,500,000,- dreds a Cavendish, younger brother of the Duke never Commenting this, banker revive the cotton industry the demand continually added to one. To unexpected 000. on a for of life are being this development of Devonshire; Lieut. Archer Windsor- for the oar, despite his long association who has been identified with financ- the raw staple, taking into ac- casualty propulsion. a count present stocks on the continent the growing lists. Death knows of the war in England, the reestab- Clive, of the Coldstream Guards, second Undersea Flotilla with mechanical In fact, ing of such business said that orders mid- and in Great Britain, will not be so no distinctions, and in taking victims has lishment of.the prestige of the aristoc- son of the Earl of Plymouth; Capt. Beau- few years ago he trained a crew of I for munitions and supplies would not large it money value equivalent to as was in the year just all classes, from prince to pau- racy—berated shipmen at Annapolis in a ten-oared cut- realize a closed. levelled for a decade by Lloyd- champ Oswald Duff, the son of Sir Beau- j the appreciation that has already per. The bluest blood of Germany, Eng- George, and of political in ter, took them to New York for a race stocks. From We have heard so much of the bereft power by champ Duff, commander of the army taken place in the war shipments poured out in IS A “HORSE FOR WORK” Naval Reserves of that State, be fpund that enormous which are to be land, and France has been Prime Minister Asquith—has been due. India; Lord John Hamilton, brother of with the the table below it will made to Europe this fiscal his this amounts to $705,000,000. The year, fol- battle. So great has been the loss in The gallant conduct of the British of- the Duke of Abercorn; the sons of Vis- and had the satisfaction of seeing lowing a year which produced a com- covered j spending of the profits made in the British oflicers, in particular, that quite ficers in France and has count Hardinge and Lord St. David; boys row the fastest mile ever within last three mercial trade balance of over $1,000,- Flanders been i stock market the 000,000. that it is well of heirs of great wealth among Lieut, He Stepped Willingly from the by a boat of that class. His enthusiasm of to analyze con- a number carefully used as a reminder to the mid- the Hon. Vere Boscawen, third son months has quickened the pace ditions and to see if there is entailed fortunes outdoor is said by his col- some few trades, but its broad effect real them have passed their dle-class Britisher that the aristocracy of Viscount Falmouth; Capt. the Hon. A. of a Superdread- for sports justification for this expectation. give Quarterdeck equalled only by his en- is very limited.